Publication Date: 2023/07/11
Abstract: Startups are powerful drivers of innovation, growth, and competitiveness for MSMEs. By collaborating with startups, MSMEs can access new ideas, technologies, funding, and talent, enabling them to expand their market reach and stay ahead of the competition. This study is an attempt to examine the impact of startups on micro, small, and medium enterprises (MSMEs) in India. The study explores the significance of startups as catalysts for innovation, economic growth, and employment generation in the Indian MSME sector. Special attention is given to the role of government policies, financing, and mentorship programs in promoting the startup ecosystem. The research employs a mixed-methods approach, including surveys, interviews, and case studies, to gather data. The results indicate that startups have positively impacted the growth and competitiveness of MSMEs in India, creating new markets and job opportunities. The study concludes with recommendations for enhancing the startup ecosystem and facilitating a symbiotic relationship between startups and MSMEs in India.
Keywords: Startups, MSMEs, Innovation, Economic Growth, Mentorship Programs, Competitiveness, New Markets, Job Opportunities.
DOI: https://doi.org/10.5281/zenodo.8133582
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23JUN424.pdf
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